Just a hypothetical question ......

Lets assume that the Premium Bonds are full to the limit - the ISAs are all loaded - shares have been bought for the long term and there is no mortgage or other debt to worry about.

Wasting it on cars, wine and women is not an option - Capital Growth would be nice, but an Income would be ok if no growth ...

What would you do?

Put it towards more property, ignoring the collapse which is about to hit us?

 

Put it into property with a long term view probably.

 

We stuck it on two on-line savings accounts as a deposit for when we want to buy.

 

spend it on beer and prostitues

 

Theres not much you could do with it. Stick it in a high yield account with a view to going offshore.

Property isnt the answer anymore. We arent seeing much growth in the UK at the moment.

 

National Savings Index Linked savings certificates, buy the 3 and 5 year issues for you and your wife is £60k. If you leave it in at least a year you get interest at RPI+1.3% approx (about 0.05% difference per year). Tax free. Beating that without risk is tricky IMHO.

Property, not for me thanks!

 

Then a Spec C when you`ve had enogh beer and the other

 

Put £33k into each of the 5.8-6.1% savings accounts in the name of the lowest rate taxpayer in your marriage, once you've used up the NS&I stuff. If the bank goes bust you get compensated 90% of the 3000-33000 stuff and nil after that. With the credit ratings of ICICI being a little less than ideal I wouldn't leave more than 33k in there for long.

 

1) 3k into NS&I ISA - 6.05% tax free

2) 30k into NS&I Index Linked Bonds (2 x 15k issues) - 5.85% tax free and can access the money after 12months with no penalty or loss of interest

3) 17k into Icesave at 5.95%

 

plus fine Columbian cocaine and Cuban cigars...

 

Sensible options there

 

the above after i`ve had you knee capped

 

...and waste the rest

 

Chinese stocks

 

In typical Fireman fashion - you would get someone ELSE to do it!!

Lazy foookers

 

ROFPMSL

 

Stick it up my nose

 

Give it to charity as it only ruins the lining of the suit, left in the pockets.

 

think ill stick with the party powder option

 

I was going to start a thread asking about this deal earlier this week. It seems really good for a zero risk investment. Am I missing something? Since its backed by Gordon is he expecting RPI to plummet or interest rates to rocket to make this deal pay off for him???

 

The only downside at the moment is the time they're taking to process applications because of demand, but I phoned them and they said that the money gains interest from the day you applied, even though two weeks later they've only taken half of it.

The last issue wasn't such good value IIRC.

 

personally I would get the new audi RS5 when it comes out. It seems your portfolio is full anyway.

easy peasy answer to your question. Buy three reasonably cheap or in range properties on mortgage. Use the £50k as desposits, then rent out properties and use rent to pay mortgage. The properties should naturally appreciate over time. Come 5-10 years later, and your chappy.

bearing in mind i'm only 20! lol

 

Out of interest do you see much of a return on your bonds? Or is that why you have a spare 50k?

 

Put it towards my first house...please see my other Thread!!!

 

A nice new scoob and a healthy deposit for my first flat

Plus a few must haves

 

Being honest for once. That makes a refreshing change.

 

Unless you're joking, have you not noticed that you can only cover half a typical mortgage from rental, and that 2/3 of English postcodes had house price stagnation or loss last month?

 

Afraid imust agree with the sensible

Booze ,hookers etc

live it up for a year and you will rember it when your old and waiting for the nursing staff to wipe up the dribbles and take you to the toilet

If you dont do it

your kids will spend it !!!!!!

 

A good pair of shoes and BED.